Verus International Inc (VRUS)

[gulf shores man]

liabilities outpace assets by 2 to 1 or our net loss was almost a million dollars for the 1st 3 months or from the Quarterly report:
The Company incurred a net loss of $1,576,655 for the nine months ended July 31, 2018. At July 31, 2018, the Company had a working capital deficit of $1,208,361, net cash used in operations of $978,000, and an accumulated deficit of $25,018,786. It is management’s opinion that these facts raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of this filing, without additional debt or equity financing.